Jakarta (ANTARA) - Germany has expressed readiness to provide funding of Rp41.25 trillion to support the development of green infrastructure in Indonesia under a cooperation scheme targeted at reducing carbon emissions in urban areas.
Germany and Indonesia launched the cooperation virtually on Thursday (March 4) in the presence of several high-ranking officials of the two nations, the Indonesian Embassy in Berlin noted in a written statement released on Friday.
The high-ranking officials comprised Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan, Minister of National Development Planning/Chief of the National Development Planning Agency (Bappenas) Suharso Monoarfa, Indonesia’s Ambassador to Germany Arif Havas Oegroseno, Federal Minister of Economic and Development Affairs Gerd Muller, and German Ambassador to Indonesia Peter Schoof.
Pandjaitan highlighted that Indonesia and Germany, as fellow G20 members, had applied the model of shared responsibility in the context of the present significant global issues, especially climate change, through the cooperation called "Indonesia-Germany Initiative for Green Infrastructure."
"In the capacity of coordinating minister for maritime affairs and investment, I would like to convince all parties present that the initiative will achieve its target. Our aspirations to improve the environment, lower carbon emissions, and offer better service facilities for the public are clearly visible," he affirmed.
Through the cooperation scheme, Germany will extend 2.5 billion euros (Rp41.25 trillion) through the course of five years through partnership with the German National bank (KfW).
"In future, we will be able to witness cleaner rivers, declining sea litter, wider access to clean water, and more effective and better public transport modes," he stated.
Apart from the fund, the cooperation will also be realized through the transfer of technology and campaign to promote public awareness.
Source: Antara News